Search found 2 matches
- Fri Jun 01, 2001 1:00 am
- Forum: General
- Topic: Bank/Shipping company/Drawees collude. Is this fraud?
- Replies: 2
- Views: 1995
Bank/Shipping company/Drawees collude. Is this fraud?
A set of Export documents were sent from India by Bank of Maharashtra (BOM) to Commonwealth Bank of Australia (CBA) for collection under URC 522, The Export documents contained Original B/L's, Invoices 4 sets, Packing List 4 sets and Sola of Exchange 1st & 2nd The instructions to the collecting ...
- Thu May 31, 2001 1:00 am
- Forum: General
- Topic: Wrongful Delivery of documents by Bank.
- Replies: 3
- Views: 2515
Wrongful Delivery of documents by Bank.
Documents sent for collection on 30 days sight basis by a bank in India to a Bank in Australia, with instructions to deliver the documents to the Importer against acceptance. The Australian Bank delivers the documents without any acceptance Letter from the Importer, also delivers the two Sola of Exc...